Okta's Support System Breach Exposes Customer Data and Causes Share Price Drop

Shares of cybersecurity firm Okta dropped by 9% after the company revealed that an unidentified hacking group had accessed files uploaded by certain Okta customers to its support system. The hackers gained access using a stolen credential, but Okta's customer offerings and production service were not affected. Okta is used by major companies like FedEx and Zoom, making it an attractive target for threat actors. However, the breach only impacted Okta's support platform and not client systems. The company has notified affected customers and implemented measures to protect all customers.